Reinsurance Icon

Reinsurance

In simple, reinsurance is insurance for insurers. It is a risk mechanism tool used by an insurance company to increase its underwriting capacity and protect it from any large and complex losses.

In other words, when insurers cannot retain risks, they reinsure to reduce their risks accumulation. 

Moreover, reinsurance also provides technical support to an insurer to keep up with demand for a wide range of insurance requirements in a volatile and unpredictable world.

But despite, being crucial in risk and capital management, not much is known about reinsurance outside the insurance sector. Yet, reinsurance remains the lynchpin cog in an insurance system. 

Treaty Icon
Treaty Reinsurance

The Treaty Reinsurance is an agreement between the ceding and the reinsurance companies.
It is also known as a reinsurance contract where the reinsurer provides their share to cover a specific portfolio of risks underwritten by an insurer.
The reinsurance company is obliged to accept all contracts within the scope of treaty terms and conditions.
The Treaty Reinsurance helps create automatic capacity for an insurance company to underwrite a risk at any given time.

Facultative Icon
Facultative Reinsurance

Facultative Reinsurance is a single risk basis negotiation between the ceding company and the reinsurer for the placement of each risk.
The reinsurer has the right to either accept or decline the risk and are not obligated to accept it.
Facultative Reinsurance is executed when the insured’s automatic capacity is exhausted, which could also refer to its retention limit or underwriting capacity.

Need of Reinsurance
Increasing underwriting capacity Icon
Increasing underwriting capacity
Risk capital improvement and diversification Icon
Risk capital improvement and diversification
Provides stability to results Icon
Provides stability to results
Catastrophic protection Icon
Catastrophic protection
Provides global spread Icon
Provides global spread
Skills and expertise Icon
Skills and expertise
Proportional Reinsurance
  • Quota share Treaties
  • Surplus Treaties
  • Quota with Surplus Treaties
  • Facultative Obligatory Treaties
  • Facultative Reinsurance
Non-Proportional Reinsurance
  • Excess of Loss Treaties ( Risk/CAT)
  • Stop Loss Treaties
 Allianz Global Corporate and Speciality SE Icon
 Allianz Global Corporate and Speciality SE
Abu Dhabi National Insurance Company Icon
Abu Dhabi National Insurance Company
Arch Reinsurance Ltd Icon
Arch Reinsurance Ltd
Asian Reinsurance Corporation Icon
Asian Reinsurance Corporation
AVENI-RE Icon
AVENI-RE
Belarusian National Reinsurance Icon
Belarusian National Reinsurance
Blenheim Syndicate Icon
Blenheim Syndicate
Canopius Syndicate Icon
Canopius Syndicate
China Life Icon
China Life
CICA-RE Icon
CICA-RE
Connect Underwriting Ltd. Icon
Connect Underwriting Ltd.
First Capital Insurance Ltd. Icon
First Capital Insurance Ltd.
General Insurance Corporation of India Icon
General Insurance Corporation of India
ION Insurance Company Icon
ION Insurance Company
Kenya Reinsurance Corporation Limited Icon
Kenya Reinsurance Corporation Limited
Klapton Reinsurance Icon
Klapton Reinsurance
KLPP Insurance & Reinsurance Company Ltd Icon
KLPP Insurance & Reinsurance Company Ltd
Kuwait Reinsurance Company Icon
Kuwait Reinsurance Company
Lancashire Syndicate Icon
Lancashire Syndicate
Mandarin Re Ltd. Icon
Mandarin Re Ltd.
Misr Insurance Company Icon
Misr Insurance Company
National Insurance Company Limited Icon
National Insurance Company Limited
National Reinsurance Corporation Icon
National Reinsurance Corporation
Nepal Reinsurance Company Limited Icon
Nepal Reinsurance Company Limited
New India Assurance Company Limited Icon
New India Assurance Company Limited
Oman Reinsurance Company Icon
Oman Reinsurance Company
Pt. Asuransi Tugu Pratama Icon
Pt. Asuransi Tugu Pratama
PVI Reinsurance Icon
PVI Reinsurance
Rochester Reinsurance Icon
Rochester Reinsurance
Sava Re Icon
Sava Re
Soglasie Insurance Company Icon
Soglasie Insurance Company
Staco Insurance Plc Icon
Staco Insurance Plc
Swiss Reinsurance Company Limited Icon
Swiss Reinsurance Company Limited
Taiping Reinsurance Co. Ltd. Icon
Taiping Reinsurance Co. Ltd.
Tanzania Reinsurance Company Icon
Tanzania Reinsurance Company
The Oriental Insurance Company Limited Icon
The Oriental Insurance Company Limited
Tokio Marine Kiln Syndicate Icon
Tokio Marine Kiln Syndicate
Triglav Re Icon
Triglav Re
Trust International Insurance and Reinsurance Company Icon
Trust International Insurance and Reinsurance Company
United India Insurance Company Limited Icon
United India Insurance Company Limited
Waica Reinsurance Corporation Icon
Waica Reinsurance Corporation
ZEP-RE (PTA Reinsurance Company) Icon
ZEP-RE (PTA Reinsurance Company)